Not only is FAZ moving toward that screaming level, FAS is at that screaming level, just in the opposite direction.
Stops can be placed not too far away, as you know I prefer not to have any one position have more than a -2% effect on the total portfolio size, that DOES NOT mean a 2% stop, you can have a 20% stop, it all depends on how many shares you buy. If you need a refresher on the concepts of the 2% rule, you can find it here.
Charts for FAS and FAZ will be posted momentarily.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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